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Kirkland Lake to buy Detour Gold for US$3.7B

Gold sector leader Kirkland Lake Gold has made a US$3.7 billion (C$4.9 billion) all-scrip bid for fellow Canadian miner Detour Gold.

Kirkland Lake to buy Detour Gold for US$3.7B Kirkland Lake to buy Detour Gold for US$3.7B Kirkland Lake to buy Detour Gold for US$3.7B Kirkland Lake to buy Detour Gold for US$3.7B Kirkland Lake to buy Detour Gold for US$3.7B

Kirkland Lake Gold has made a US$3.7 billion all-scrip bid for fellow Canadian miner Detour Gold

Kirkland Lake, whose shares (TSX:KL) have increased nearly 22,000% in value over the past five years on the back of growing profits and higher metal prices, expects the acquisition of a third